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CHOICEONE FINANCIAL SVCS INC (COFS) Stock Fundamental Analysis

NASDAQ:COFS - Nasdaq - US1703861062 - Common Stock - Currency: USD

28.72  -0.33 (-1.14%)

After market: 28.72 0 (0%)

Fundamental Rating

5

COFS gets a fundamental rating of 5 out of 10. The analysis compared the fundamentals against 397 industry peers in the Banks industry. COFS has a medium profitability rating, but doesn't score so well on its financial health evaluation. COFS is showing excellent growth while it is valued at reasonable prices. Keep and eye on this one! COFS also has an excellent dividend rating.


Dividend Valuation Growth Profitability Health

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4

1. Profitability

1.1 Basic Checks

In the past year COFS was profitable.
COFS had a positive operating cash flow in the past year.
COFS had positive earnings in each of the past 5 years.
COFS had a positive operating cash flow in each of the past 5 years.
COFS Yearly Net Income VS EBIT VS OCF VS FCFCOFS Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 10M 20M 30M 40M

1.2 Ratios

The Return On Assets of COFS (0.98%) is better than 64.99% of its industry peers.
The Return On Equity of COFS (10.26%) is better than 69.77% of its industry peers.
Industry RankSector Rank
ROA 0.98%
ROE 10.26%
ROIC N/A
ROA(3y)0.93%
ROA(5y)0.91%
ROE(3y)11.71%
ROE(5y)10.39%
ROIC(3y)N/A
ROIC(5y)N/A
COFS Yearly ROA, ROE, ROICCOFS Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2 4 6 8 10

1.3 Margins

COFS has a Profit Margin of 28.91%. This is in the better half of the industry: COFS outperforms 79.60% of its industry peers.
In the last couple of years the Profit Margin of COFS has grown nicely.
COFS does not have Operating Margin and Gross Margin available, so we won't be analyzing them here.
Industry RankSector Rank
OM N/A
PM (TTM) 28.91%
GM N/A
OM growth 3YN/A
OM growth 5YN/A
PM growth 3Y1.55%
PM growth 5Y8.3%
GM growth 3YN/A
GM growth 5YN/A
COFS Yearly Profit, Operating, Gross MarginsCOFS Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 5 10 15 20 25

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3

2. Health

2.1 Basic Checks

COFS does not have a ROIC to compare to the WACC, probably because it is not profitable.
COFS has more shares outstanding than it did 1 year ago.
Compared to 5 years ago, COFS has more shares outstanding
Compared to 1 year ago, COFS has an improved debt to assets ratio.
COFS Yearly Shares OutstandingCOFS Yearly Shares OutstandingYearly Shares Outstanding 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2M 4M 6M 8M
COFS Yearly Total Debt VS Total AssetsCOFS Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 500M 1B 1.5B 2B 2.5B

2.2 Solvency

COFS has a debt to FCF ratio of 0.76. This is a very positive value and a sign of high solvency as it would only need 0.76 years to pay back of all of its debts.
COFS's Debt to FCF ratio of 0.76 is fine compared to the rest of the industry. COFS outperforms 78.34% of its industry peers.
COFS has a Debt/Equity ratio of 0.14. This is a healthy value indicating a solid balance between debt and equity.
COFS's Debt to Equity ratio of 0.14 is fine compared to the rest of the industry. COFS outperforms 60.96% of its industry peers.
Industry RankSector Rank
Debt/Equity 0.14
Debt/FCF 0.76
Altman-Z N/A
ROIC/WACCN/A
WACC12.28%
COFS Yearly LT Debt VS Equity VS FCFCOFS Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 50M 100M 150M 200M 250M

2.3 Liquidity

Industry RankSector Rank
Current Ratio N/A
Quick Ratio N/A
COFS Yearly Current Assets VS Current LiabilitesCOFS Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2015 2016 2017 2018 2023 2024 50M 100M 150M

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8

3. Growth

3.1 Past

The Earnings Per Share has grown by an nice 19.93% over the past year.
Measured over the past years, COFS shows a quite strong growth in Earnings Per Share. The EPS has been growing by 15.52% on average per year.
The Revenue has grown by 14.41% in the past year. This is quite good.
The Revenue has been growing by 20.14% on average over the past years. This is a very strong growth!
EPS 1Y (TTM)19.93%
EPS 3Y4.36%
EPS 5Y15.52%
EPS Q2Q%16.22%
Revenue 1Y (TTM)14.41%
Revenue growth 3Y5.01%
Revenue growth 5Y20.14%
Sales Q2Q%52.12%

3.2 Future

The Earnings Per Share is expected to grow by 8.44% on average over the next years. This is quite good.
The Revenue is expected to grow by 38.94% on average over the next years. This is a very strong growth
EPS Next Y6.39%
EPS Next 2Y8.44%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue Next Year74%
Revenue Next 2Y38.94%
Revenue Next 3YN/A
Revenue Next 5YN/A

3.3 Evolution

When comparing the EPS growth rate of the last years to the growth rate of the upcoming years, we see that the growth is decreasing.
When comparing the Revenue growth rate of the last years to the growth rate of the upcoming years, we see that the growth is accelerating.
COFS Yearly Revenue VS EstimatesCOFS Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 50M 100M 150M
COFS Yearly EPS VS EstimatesCOFS Yearly EPS VS EstimatesYearly EPS VS Estimates 2023 2024 2025 2026 1 2 3

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6

4. Valuation

4.1 Price/Earnings Ratio

A Price/Earnings ratio of 8.52 indicates a reasonable valuation of COFS.
89.17% of the companies in the same industry are more expensive than COFS, based on the Price/Earnings ratio.
When comparing the Price/Earnings ratio of COFS to the average of the S&P500 Index (28.10), we can say COFS is valued rather cheaply.
With a Price/Forward Earnings ratio of 7.52, the valuation of COFS can be described as very cheap.
Based on the Price/Forward Earnings ratio, COFS is valued cheaper than 84.38% of the companies in the same industry.
Compared to an average S&P500 Price/Forward Earnings ratio of 20.74, COFS is valued rather cheaply.
Industry RankSector Rank
PE 8.52
Fwd PE 7.52
COFS Price Earnings VS Forward Price EarningsCOFS Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 5 10 15 20 25

4.2 Price Multiples

COFS's Price/Free Cash Flow ratio is a bit cheaper when compared to the industry. COFS is cheaper than 69.27% of the companies in the same industry.
Industry RankSector Rank
P/FCF 9.17
EV/EBITDA N/A
COFS Per share dataCOFS EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 5 10 15

4.3 Compensation for Growth

The PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a correct valuation of the company.
PEG (NY)1.33
PEG (5Y)0.55
EPS Next 2Y8.44%
EPS Next 3YN/A

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8

5. Dividend

5.1 Amount

COFS has a Yearly Dividend Yield of 3.86%. Purely for dividend investing, there may be better candidates out there.
Compared to an average industry Dividend Yield of 3.49, COFS pays a bit more dividend than its industry peers.
COFS's Dividend Yield is rather good when compared to the S&P500 average which is at 2.43.
Industry RankSector Rank
Dividend Yield 3.86%

5.2 History

The dividend of COFS has a limited annual growth rate of 0.25%.
COFS has paid a dividend for at least 10 years, which is a reliable track record.
COFS has not decreased its dividend for at least 10 years, so it has a reliable track record of non decreasing dividend.
Dividend Growth(5Y)0.25%
Div Incr Years12
Div Non Decr Years14
COFS Yearly Dividends per shareCOFS Yearly Dividends per shareYearly Dividends per share 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0.2 0.4 0.6 0.8 1

5.3 Sustainability

COFS pays out 33.72% of its income as dividend. This is a sustainable payout ratio.
COFS's earnings are growing more than its dividend. This makes the dividend growth sustainable.
DP33.72%
EPS Next 2Y8.44%
EPS Next 3YN/A
COFS Yearly Income VS Free CF VS DividendCOFS Yearly Income VS Free CF VS DividendYearly Income VS Free CF VS Dividend 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 10M 20M 30M 40M
COFS Dividend Payout.COFS Dividend Payout, showing the Payout Ratio.COFS Dividend Payout.PayoutRetained Earnings

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CHOICEONE FINANCIAL SVCS INC

NASDAQ:COFS (5/5/2025, 8:01:56 PM)

After market: 28.72 0 (0%)

28.72

-0.33 (-1.14%)

Chartmill FA Rating
GICS SectorFinancials
GICS IndustryGroupBanks
GICS IndustryBanks
Earnings (Last)04-30 2025-04-30/bmo
Earnings (Next)07-23 2025-07-23/amc
Inst Owners37.11%
Inst Owner Change-1.48%
Ins Owners6.57%
Ins Owner Change17.21%
Market Cap430.23M
Analysts84.44
Price Target32.3 (12.47%)
Short Float %0.53%
Short Ratio1.3
Dividend
Industry RankSector Rank
Dividend Yield 3.86%
Yearly Dividend1.09
Dividend Growth(5Y)0.25%
DP33.72%
Div Incr Years12
Div Non Decr Years14
Ex-Date03-14 2025-03-14 (0.28)
Surprises & Revisions
EPS beat(2)1
Avg EPS beat(2)3.25%
Min EPS beat(2)-6.12%
Max EPS beat(2)12.61%
EPS beat(4)3
Avg EPS beat(4)10.42%
Min EPS beat(4)-6.12%
Max EPS beat(4)22.96%
EPS beat(8)N/A
Avg EPS beat(8)N/A
EPS beat(12)N/A
Avg EPS beat(12)N/A
EPS beat(16)N/A
Avg EPS beat(16)N/A
Revenue beat(2)1
Avg Revenue beat(2)3.48%
Min Revenue beat(2)-0.56%
Max Revenue beat(2)7.52%
Revenue beat(4)N/A
Avg Revenue beat(4)N/A
Min Revenue beat(4)N/A
Max Revenue beat(4)N/A
Revenue beat(8)N/A
Avg Revenue beat(8)N/A
Revenue beat(12)N/A
Avg Revenue beat(12)N/A
Revenue beat(16)N/A
Avg Revenue beat(16)N/A
PT rev (1m)-15.18%
PT rev (3m)-18.8%
EPS NQ rev (1m)0%
EPS NQ rev (3m)-11.36%
EPS NY rev (1m)0%
EPS NY rev (3m)-6.48%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)-6.19%
Revenue NY rev (1m)0%
Revenue NY rev (3m)-2.23%
Valuation
Industry RankSector Rank
PE 8.52
Fwd PE 7.52
P/S 4.65
P/FCF 9.17
P/OCF 8.84
P/B 1.65
P/tB 2.16
EV/EBITDA N/A
EPS(TTM)3.37
EY11.73%
EPS(NY)3.82
Fwd EY13.31%
FCF(TTM)3.13
FCFY10.91%
OCF(TTM)3.25
OCFY11.31%
SpS6.17
BVpS17.38
TBVpS13.31
PEG (NY)1.33
PEG (5Y)0.55
Profitability
Industry RankSector Rank
ROA 0.98%
ROE 10.26%
ROCE N/A
ROIC N/A
ROICexc N/A
ROICexgc N/A
OM N/A
PM (TTM) 28.91%
GM N/A
FCFM 50.78%
ROA(3y)0.93%
ROA(5y)0.91%
ROE(3y)11.71%
ROE(5y)10.39%
ROIC(3y)N/A
ROIC(5y)N/A
ROICexc(3y)N/A
ROICexc(5y)N/A
ROICexgc(3y)N/A
ROICexgc(5y)N/A
ROCE(3y)N/A
ROCE(5y)N/A
ROICexcg growth 3YN/A
ROICexcg growth 5YN/A
ROICexc growth 3YN/A
ROICexc growth 5YN/A
OM growth 3YN/A
OM growth 5YN/A
PM growth 3Y1.55%
PM growth 5Y8.3%
GM growth 3YN/A
GM growth 5YN/A
F-Score8
Asset Turnover0.03
Health
Industry RankSector Rank
Debt/Equity 0.14
Debt/FCF 0.76
Debt/EBITDA N/A
Cap/Depr 13.83%
Cap/Sales 1.85%
Interest Coverage N/A
Cash Conversion N/A
Profit Quality 175.63%
Current Ratio N/A
Quick Ratio N/A
Altman-Z N/A
F-Score8
WACC12.28%
ROIC/WACCN/A
Cap/Depr(3y)18.86%
Cap/Depr(5y)20.56%
Cap/Sales(3y)2.84%
Cap/Sales(5y)2.9%
Profit Quality(3y)186.62%
Profit Quality(5y)152.18%
High Growth Momentum
Growth
EPS 1Y (TTM)19.93%
EPS 3Y4.36%
EPS 5Y15.52%
EPS Q2Q%16.22%
EPS Next Y6.39%
EPS Next 2Y8.44%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue 1Y (TTM)14.41%
Revenue growth 3Y5.01%
Revenue growth 5Y20.14%
Sales Q2Q%52.12%
Revenue Next Year74%
Revenue Next 2Y38.94%
Revenue Next 3YN/A
Revenue Next 5YN/A
EBIT growth 1YN/A
EBIT growth 3YN/A
EBIT growth 5YN/A
EBIT Next YearN/A
EBIT Next 3YN/A
EBIT Next 5YN/A
FCF growth 1Y11.11%
FCF growth 3Y10.34%
FCF growth 5Y40.98%
OCF growth 1Y4.66%
OCF growth 3Y8.87%
OCF growth 5Y39.52%